The global pharmacy automation system market revenue is expected to expand at a moderate CAGR over the forecast period. Increasing preference towards pharmacy automation in healthcare industry to improve medication inventory is a key factor expected to drive growth of the global market over the forecast period.
The global pharmacy automation system market report has been segmented on the basis of product type, end-user, and region. On the basis of product type, the target market is segmented into automated medication dispensing systems, automated storage & retrieval systems, automated packaging & labeling systems, tabletop tablet counters, and automated compounding devices. The automated medication dispensing systems product type segment is expected to register significant share in terms of revenue over the forecast period, owing to various factors such as improved medication safety, better inventory management, and improved storage capacity.
On the basis of end-user, the target market is segmented into retail pharmacy, hospital pharmacy, others (long-term care pharmacy, clinic pharmacy, and mail order pharmacy). The hospital pharmacy end-user segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing need for improved accuracy and efficiency of pharmacy units in hospitals.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements and increasing government initiative for improving healthcare services in various countries in this region. The market in Asia Pacific is expected to register significant growth over the forecast period, owing to improved healthcare facilities in various developing countries such as India and China in this region.
Key players operating in the global pharmacy automation system market include Baxter International Inc., CareFusion Corporation, Cerner Corporation, Kirby Lester, LLC, Mckesson Corporation, Omnicell, Inc., Parata Systems LLC, Scriptpro LLC, Swisslog Holding AG, and Becton, Dickinson, and Company.